D.R. Horton, Inc. (NYSE:DHI) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,987 shares of the construction company’s stock after selling 602 shares during the quarter. OneAscent Wealth Management LLC’s holdings in D.R. Horton were worth $278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $38,000. Sierra Ocean LLC acquired a new position in D.R. Horton in the 4th quarter worth about $43,000. Finally, FSA Wealth Management LLC purchased a new position in D.R. Horton during the third quarter worth approximately $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Citigroup reduced their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $125.87 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock’s fifty day moving average is $132.91 and its two-hundred day moving average is $155.24. The firm has a market capitalization of $39.66 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.